Reducing your construction organization’s income tax liability is a big deal. A recent article from Construction Executive discusses a lucrative strategy: the use of net operating loss (NOL) carrybacks and carryforwards. Author Kyrstin Mackrides offers a helpful overview of NOLs, including a thorough definition, tips for calculating NOLs, limitations regarding a change in ownership, and how to account for carryforwards. Click here to read the article in full.
Copyright 2022. Nathan Wechsler. All Rights Reserved.
